By Connor Hart
Installed Building Products has acquired Wholesale Insulation Supply. Doing business as Insulation Supplies, the newly acquired company will add an insulation installer and complementary-building products provider to Installed Building Products' portfolio, as well as more than $22 million of annual revenue. Terms of the deal weren't disclosed. Shares rise 5%, to $248.96, in after-hours trading.
Specialty insurer RLI expects to post pretax net catastrophe losses from Hurricanes Beryl and Helene of between $35 million and $40 million in the third quarter. The company, expected to release its third-quarter earnings after the bell on Oct. 21, said that range is net of reinsurance recoverables and subject to change, given the complexity of the claims and the preliminary nature of the currently available information. Shares rise 5%, to $159.60, in postmarket trading.
Cannae Holdings bought a majority stake in The Watkins Company for an undisclosed amount, adding the maker of spices and seasonings to an eclectic portfolio that includes sports teams, restaurants and business software companies. The company bought the stake with KDSA Investment Partners, a firm focused on investing in family owned businesses in the food and beverage industry. Shares fall 1.9%, to $17.91, in after-hours trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
October 07, 2024 19:30 ET (23:30 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。